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Board reviews policy first readings that raise inventory and bidding thresholds
Summary
Superintendent presented five policies for first reading. Among changes noted, inventory capitalization and bidding thresholds would increase to reflect state adjustments: per-item inventory from $5,000 to $10,000 and bidding threshold from $15,000 to $75,000.
At the Feb. 20 meeting the superintendent told the Fairfield Union Local School District board that five policy revisions were presented for first reading and that some include updated dollar thresholds required by the state.
Staff noted the inventory capitalization threshold — the per-item dollar amount that determines whether equipment is tracked as…
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